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nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united states of america? >> i have no idea. but i can tell you -- >> if you don't have any, maybe it is to defeat the objectives that this president, at whatever cost some so-call leaders have said. they want to stop this president and they were unsuccessful in that measure. maybe they decided to change tactics and maybe this discussion is unnecessary and we find some other way to get a hand on the deficit. let me thank you to your contribution to this conversation as you have so many times before. i yield back my time. >> thank you, mr. johnson is
nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united...
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at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have the same kind of conversation aut the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the treasury to pay the nation's bills through at least may 19. darren gersh, "n.b.r.," washington >> tom: the u.s. housing market had a quiet end to its best year since 2007. sales of existing homes fell unexpectedly in december by 1% down to a 4.94 million annual rate. analysts note the drop in sales is not entirely bad news because there were fewer homes on the market. inventories are at their lowest level in seven and a half years. sales were up in the northeast and western u.s. while they fell in the midwest and south. for the entire year, existing home sales saw their best year since 2007. >> tom: julia cor
at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have the same kind of conversation aut the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the...
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ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit reduction. so the use of the debt ceiling for the purpose that is ascribed to this one does not have a history that supports its use for this purpose. and so to the extent that you have the ability to look at this issue, i would urge that this is not only a dangerous precedent but a very likely problem for the economy when we need to emphasize economic growth and jobs. so i say that in a somewhat sober way because of what happened before. thank you. >> thank you very much. i'd like to welcome mr. brady, former chairman of the house administration committee, who'
ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit...
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a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tighter than republicans would like the vote count to be, but ultimately what the pleasure would do is extend the debt measure through to may 19th and politically what it does is rearranges the order of the fiscal fights we will have over the next couple of months and it means we will fight first over the sequester. remember that's that across the board budget cut postponed during the fiscal cliff fight in december and january. now that will be the first fight up at the beginning of march. republicans feel that that is a much more safe political ground for them to fight on than to fight over the debt ceiling which of course could threaten a default on the nation's obligations so we do expect this vote within the next couple of minutes here to pass by republicans, then it will go over to the senate side and the white house ha
a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tighter than republicans would like the vote count to be, but ultimately what the pleasure would do is extend the debt measure through to may 19th and politically what it does is rearranges the order of the fiscal fights we will have over the next couple of months and it means we will fight first over...
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it's ready to work towards something lasting.what we support is a long-term raising of the debt ceiling ssothat we don't have any doubt or the global economy about the simple proposition thattthe unitte states always pays its biilsalso on the ppesident's ccmprehensive immigration reform.and nnthe aftermath of the newtown, connecticut sshool schooting - a push for congress to pass tighter gun pontrol laws.in washington, i'm tory dunnan. 3 the presidenn mmy have a llt of convincing to do... if he wwnts his second--erm agenda to pass passright now...51--ercent off people apppove of the jjb he president is doing.43 perceet disapprove. disapprove....and president obbma...has the 3rd áworstá job approval ratiig for his first term......of any president after world war 2. the avvrage for his first teem wass499point-1.just gerald ford and jimmy ccrter fared 3 coming up innour 6 o'clock hour... 3 gain some weight... ad help our pmrriage. the new study that says young couples wwo pack on the pounds 3 3thh ravens are gearing p... for a trip to the super bowl. how coach john harbaugh plans -3 po g
it's ready to work towards something lasting.what we support is a long-term raising of the debt ceiling ssothat we don't have any doubt or the global economy about the simple proposition thattthe unitte states always pays its biilsalso on the ppesident's ccmprehensive immigration reform.and nnthe aftermath of the newtown, connecticut sshool schooting - a push for congress to pass tighter gun pontrol laws.in washington, i'm tory dunnan. 3 the presidenn mmy have a llt of convincing to do... if he...
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house will vote today on raising the debt ceiling. secretary of state hillary clinton testifies before house and senate committee today about the september terrorist attack in benghazi, libya. republicans are talking about their own priorities and reacting to president obama's inauguration speech. we're like to hear your advice for the president for his second term. here are the numbers to call. you can also find us online. share your comments over twitter or join the conversation on facebook. you can also e-mail us. we're asking you this morning your advice for the second obama administration. isedobama speech rate stark choices, says the new york times. we would like to hear from you this morning, what you think republican options are and what your advice is. here's what's happening on capitol hill today. house gop poised to extend the debt limit. that's the headline in "usa today." the bill would buy time and would set the stage for a physical fight. house republicans are scheduled to vote today to extend a $16.40 trillion at the o
house will vote today on raising the debt ceiling. secretary of state hillary clinton testifies before house and senate committee today about the september terrorist attack in benghazi, libya. republicans are talking about their own priorities and reacting to president obama's inauguration speech. we're like to hear your advice for the president for his second term. here are the numbers to call. you can also find us online. share your comments over twitter or join the conversation on facebook....
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the debt ceiling. i'm very glad that they are going to send us a clean the debt ceiling bill. [inaudible] >> a call during the recess senator leahy. he is a person that everyone knows that is an avid second amendment rights guy. he floridly indicated that there had to be more done with background checks. he said specifically that there was no reason to have certain weapons to go hunting. this is an issue that we need to talk about. what i hope we can do is have a bill reported on the judiciary committee. may not be what everyone wants, but will have some stuff that's really important. my response to that is the same response as before. i am happy that they have a gut feeling that is not tied to entitlement cuts and that is a big step in the right direction. the other stuff is that senator patty murray will be the next person on the and we will see how she wants to proceed. she is experienced legislator and chairman of the super committee and i have full faith in her. >> [inaudible question] newspapers across the country called a liberal speech. [inaudible question] >> a libera
the debt ceiling. i'm very glad that they are going to send us a clean the debt ceiling bill. [inaudible] >> a call during the recess senator leahy. he is a person that everyone knows that is an avid second amendment rights guy. he floridly indicated that there had to be more done with background checks. he said specifically that there was no reason to have certain weapons to go hunting. this is an issue that we need to talk about. what i hope we can do is have a bill reported on the...
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and then there's the debt ceiling. dull. no one was particularly surprised today when republicans began bashing speech. he offered a liberal vision - touching on preserving the social welfare safety net. some thought it overly partisan and aggressive. >> "the era of liberalism is back.unabashedly far left of center inauguration speech" congress to pass tighter gun the presidential inaugural celebrations came to end. and president obama iscoming up. his broad and ambitious agenda for his second term. and why republicans probably won't be making it any easier during the next four the investigation underway. into what caused this massive fire at an airforce base yesterday. the 40th anniversary of the so far president obama has laid out a broad and ambitious agenda for hisbut signs are scant negotiating with republicans will be any easier for the next four years. on tuesday the inaugural celebration was capped off cathedral in washington. now the president begins a second term - with plenty on his plate. threat of climate change
and then there's the debt ceiling. dull. no one was particularly surprised today when republicans began bashing speech. he offered a liberal vision - touching on preserving the social welfare safety net. some thought it overly partisan and aggressive. >> "the era of liberalism is back.unabashedly far left of center inauguration speech" congress to pass tighter gun the presidential inaugural celebrations came to end. and president obama iscoming up. his broad and ambitious agenda...
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battle when the debt ceiling rolls around. >> our opportunity here is on the debt ceiling. this is where we have leverage. >> remember that the gop vowing to hold the country hostage for cuts? they had the leverage, getting ready to fight. speaker boehner even tried his hand at extortion saying, "there's a price for everything." but, now, here comes the cave. today, republicans in the house voted to suspend the debt ceiling. what about the hostage-taking? not this time. and remember all the usual bluster in those press conferences of theirs? today, the gop leaders ducked the press. only a few print reporters, boehner's camera man and a lone fox news camera were there to capture their comments in their entirety. huh? so why the sudden change? >> the full faith and credit of the united states of america is not a bargaining chip. we are not a deadbeat nation. >> they will not collect our ransom in exchange for not crashing the american economy. what i will not do is to have that negotiation with the american people. we're not going do do that. >> they're not going to do that.
battle when the debt ceiling rolls around. >> our opportunity here is on the debt ceiling. this is where we have leverage. >> remember that the gop vowing to hold the country hostage for cuts? they had the leverage, getting ready to fight. speaker boehner even tried his hand at extortion saying, "there's a price for everything." but, now, here comes the cave. today, republicans in the house voted to suspend the debt ceiling. what about the hostage-taking? not this time....
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the debt ceiling can originate in either house, the senate finance committee could generate a debt ceiling proposal and they could do it if they wanted to. try to embrace some spending reductions, but i think what the house is saying is they are hoping to act soon as maybe tomorrow and it will be incumbent upon the senate majority to function. we look forward to seeing what the senate democrats recommend. we look forward to seeing what they recommend. it's time for them to function. [inaudible conversations] >> as all of you know, the majority of the senate will determine what the majority is and we will be happy to look at what the majority leaders will bring forward to the full senate. >> what did you think of the presidential inaugural address? >> i think it was disappointing i don't think it's a great way to start off a second term. i think it is quite disturbing. [inaudible conversations] >> welcome back, everyone. let's have a celebration. the first time we have been able to sit down together as a group. we have more female members serving now than ever before. we have so many issues
the debt ceiling can originate in either house, the senate finance committee could generate a debt ceiling proposal and they could do it if they wanted to. try to embrace some spending reductions, but i think what the house is saying is they are hoping to act soon as maybe tomorrow and it will be incumbent upon the senate majority to function. we look forward to seeing what the senate democrats recommend. we look forward to seeing what they recommend. it's time for them to function. [inaudible...
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we said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in the 1990s. that didn't didn't work too well. they're focusing on what is called the sequester, which are across the board spending reductions. that's where i think they will make their stand. we'll have a good robust debate about the level of spending we'll have in this country. the cuts in the sequester are too much for the pentagon for republicans to like. that will be focus rather than having republicans blamed for defaulting on the debt or shutting down the government. that was a shrewd move on their part. melissa: everybody talks about we need to get entitlement spending uncontrol.
we said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in...
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this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term debt ceiling increase. they want to see some longer-term. they have not given it exactly a seal of approval. it seems they both parties could get behind this proposal. the first step through the u.s. house. back to you. dagen: thank you for that. let's bring in our laffer, former economic adviser to president ronald reagan. politicians will never get anything serious done. >> you are probably right. they probably will not get a lot done in the long run. the debt ceiling is one tool to get a little from the democrats and bring some spending down. th
this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term...
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the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of this command of one to you what you have to say. apparently the senate will okay this idea that it won't get paid if they don't create a budget. that's not really true. they will get paid, but the money will go into an account somewhere and be held for a while. they eventually will be paid. the end of the day and don't really see any bodies and getting smacked. >> well, the money will be held until the very end of 2014, the end of this congress. another thing people wanted paychecks held for 20 months. at think this is the only thing that got their attention. to
the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of...
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today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan will draft the budget with deeper cuts. that's a carrot to get conservatives to go along but some still want to see cuts first. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers' paychecks could take a hit. what's still not known
today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan...
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also powering the rally, news that washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmick and said a 90 day reprieve from default simply moves the crisis back. >> for the last two years, we've heard from our republican colleagues economic uncertainty is bad for the economy. guess what? it is. and yet that's exactly what you are doing. another big dose of economic uncertainty. >> reporter: republicans shifted gears on the debt ceiling
also powering the rally, news that washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do....
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the debt ceiling is paying the debt. i am troubled, i am troubled by the fact that we would use this tactic. i want bipartisanship. in fact, someone who raises issues about the vulnerable, like myself, have worked with my republican friends. i look forward to doing it. i am an american. i believe in the constitution, but you do not raise the debt ceiling in increments. the administration says we won't stop it but we want a long-term increase so we can begin to discuss the building of this nation. growth, the constitution, that's what we should be talking about, making america better. i yield back the balance of my time. the speaker pro tempore: the gentlelady's time has expired. the gentleman from texas is recognized. mr. sessions: thank you very much, mr. speaker. the gentlewoman from texas, houston, texas, is absolutely correct. we do need long-term growth of our economy. we need jobs. we need job creation. we need to be able to reduce the debt of this country. the president is well aware, we're well aware here in cong
the debt ceiling is paying the debt. i am troubled, i am troubled by the fact that we would use this tactic. i want bipartisanship. in fact, someone who raises issues about the vulnerable, like myself, have worked with my republican friends. i look forward to doing it. i am an american. i believe in the constitution, but you do not raise the debt ceiling in increments. the administration says we won't stop it but we want a long-term increase so we can begin to discuss the building of this...
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this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the senate will pass it. >> i thank speaker boehner for his leadership in diffusing a fight over the debt ceiling debate. >> now the white house says the president will not stand in the way of this bill becoming law but they are seeking a longer term debt ceiling solution as are democrats and republicans. the problem is, how are you going to do it? republicans say they will come out with a budget that makes sure the balanced budget occurs in the u.s. by the next 10 years, but they say they don't have to raise taxes to do it. democrats are still
this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the...
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after that they will reimpose a debt ceiling, they say. and suspect the pay of members of congress if their chamber of commerce hasn't agreed. politically wloo what it does is puts the debt ceiling fight down the list of political fights that are upcoming and it brings up the fight over sequestering. remember from the fiscal cliff. pe just kicked the sequestering back to the giping of march and political battle over spending cuts is something the republicans would much rather have as opposed to a fight over potential default on u.s. obligations in which they can be po portrayed as reckless. republicans liked it and voted for it but in the end the wlous says, it will sign the bill of the white house press secretary jay carney said it is not entirely perfect. take a listen. >> ideally we would extend a raise the debt ceiling for a long period of time. so that this is not a question. so that uncertainty that surrounded this issue of late because of the political jat ji that house republicans have taken will be removed or would be removed. >>
after that they will reimpose a debt ceiling, they say. and suspect the pay of members of congress if their chamber of commerce hasn't agreed. politically wloo what it does is puts the debt ceiling fight down the list of political fights that are upcoming and it brings up the fight over sequestering. remember from the fiscal cliff. pe just kicked the sequestering back to the giping of march and political battle over spending cuts is something the republicans would much rather have as opposed to...
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rather than raise the debt ceiling, the bill temporarily suspends it. meaning a vote will be held at some future point to determine whether to pay off the debt retroactively. secondly, this is a larger scheme to move the battle over the deficit and spending to a place where the republicans feel they have more leverage. the gop hashed plans for a republican revolution. politico report s speaker john boehner, using paul ryan as his salesman, urged his members to make their stand on the budget and sequesters. jake sherman writes, in roughly 48 hours, the republicans went from defense to offense and retreated to the debt ceiling must be matched by spending cuts. it was the swiftest and most drastic position switch in boehner's speakership. it was not lost on kevin mccarthy who said, "what they'll say after that vote, this is the day of the comeback." maybe if comeback also conotes fractious and uncertain strategy. with no democratic support, the way could go the way of boehner's plan b if just seven republicans break rank. and they still have to contend wit
rather than raise the debt ceiling, the bill temporarily suspends it. meaning a vote will be held at some future point to determine whether to pay off the debt retroactively. secondly, this is a larger scheme to move the battle over the deficit and spending to a place where the republicans feel they have more leverage. the gop hashed plans for a republican revolution. politico report s speaker john boehner, using paul ryan as his salesman, urged his members to make their stand on the budget and...
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today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter: paul ryan will draft the republican budget, likely with deeper cuts than the one he offered last year. that's a carrot to get conservatives to go along, some still want to see cuts first. >> i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem. >> reporter: senate democrats hint they will pass a budget, but not necessarily soon. >> we'll approach that when we need to. >> reporter: the white house says even though it's short-term, the president will sign it. >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last stand. if
today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter:...
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there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president obama's inaugural address. speaking in reno, nevada, way waywayn wayne lapierre lashed out at one word from president obama. >> we cannot mistake absolutism, or treat name calling as reasoned debate. >> obama wants to turn the idea of absolutism into a dirty word, just another word for extremism. he wants you, all of you, and americans throughout all of this country, to accept the idea of principles as he sees fit. it's a way of redefining words so that commonsense is turned upside down and that nobody knows the difference. >> lapierre vowed not to give ground on gun control including efforts to
there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president...
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you have said you are going to focus on the debt ceiling, the debt limit and the c.r. do you intend to bring up any of those recommendations? >> i expect our committees will hold hearings and make decisions after they have had their hearings. thank you all. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> nancy pelosi held a briefing on the effectiveness of the violence against women act. she believes it helps to save lives and called on house republicans to re-authorize it immediately. the bill was up for consideration last year but blocked in the house by republican leadership. this is half an hour. >> good afternoon, everyone. this is a very special occasion for us to come together around a piece of legislation that strikes to the heart of our families and our country. i'm pleased to be here with democratic whip steny hire, ranking member conyers of the judiciary committee. congresswoman gwen moore, the author of the violence against women act and louise slaughter. congresswoman slaughter was one of
you have said you are going to focus on the debt ceiling, the debt limit and the c.r. do you intend to bring up any of those recommendations? >> i expect our committees will hold hearings and make decisions after they have had their hearings. thank you all. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> nancy pelosi held a briefing on the effectiveness of the violence against women act. she believes it helps to...
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melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day, kids witness bullying. poor you. ha ha! they want to help but don't know how. teach your kids how to be more than a bystander. visit stopbullying.gov. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with that. our panel is here with their take on
melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks...
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there's a huge de-escalation on the debt ceiling issue. hence the president's second major win in a month and shows republicans are in full on retreat on fiscal policy. president obama has consistently said his refused to negotiate. his strategy is indicated republicans are backed up their threats to take the nation into default. the president spared on republicans. they blinked because they realized they didn't have the leverage they thought they would. this is the president's second big victory in a row coming after the new year's eve agreement that ended bush tax breaks for the wealthiest 2% of americans. gambling was the fault was never a sound plan. substantively we all know, markets now, this is though, americans know as playing with fire. politically it was a loser as well. americans had a bad taste in the mouth that could join christ in 2011. poll showed that the republicans back then it would have the him even more so. in recent weeks many conservative opinion makers have been warning republicans this is a losing fight. even senat
there's a huge de-escalation on the debt ceiling issue. hence the president's second major win in a month and shows republicans are in full on retreat on fiscal policy. president obama has consistently said his refused to negotiate. his strategy is indicated republicans are backed up their threats to take the nation into default. the president spared on republicans. they blinked because they realized they didn't have the leverage they thought they would. this is the president's second big...
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now, the battles begin in earnest tomorrow when the house is expected to vote on the debt ceiling bill and when secretary of state hillary clinton will face some tough questions from congressional committees when she appears before them to talk about the terrorist attack in benghazi. brian? >> kristen welker on the white house north lawn tonight, thanks. >>> late word tonight that top u.s. commander in afghanistan, general john allen, has been cleared of engaging in any inappropriate behavior regarding his e-mail exchanges with the woman from tampa, jill kelley. this case came to light originally as part of the petraeus affair. and an investigation was launched. >>> the u.s. state department confirms today three americans were indeed killed during that four-day hostage standoff in algeria. seven americans were able to make it out safely. the algerian government says in all, 38 hostages of different nationalities and 29 islamic militants died in the standoff. five people are still unaccounted for. >>> in this country, the weather is making news tonight, specifically the cold. over two-t
now, the battles begin in earnest tomorrow when the house is expected to vote on the debt ceiling bill and when secretary of state hillary clinton will face some tough questions from congressional committees when she appears before them to talk about the terrorist attack in benghazi. brian? >> kristen welker on the white house north lawn tonight, thanks. >>> late word tonight that top u.s. commander in afghanistan, general john allen, has been cleared of engaging in any...
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what this bill does is it suspects the debt ceiling until may. that means treasury can borrow without limit to pay for america's obligations. this is something that gives congress breathing room to deal with some of their other big fiscal challenges that we all know about. it lifts this immediate threat of a default, which is so dangerous not just for the american economy but for the world markets. it does so with a requirement, a price requiring the senate to pass a budget. actually, both houses, each house would have to pass a budget or members of congress won't be paid. their pay will be put in an escrow account are they won't be paid. that's a little bit. schtick they're trying to use. this takes away the threat of a big default. >> house republicans have it seems backed off their demand that any increase in the debt ceiling be matched by spending cuts. is this seen as a political retreat or are they hoping to gain something in return? >> reporter: well, both sides are kind of gloating here and claiming victory. we had a press conference from
what this bill does is it suspects the debt ceiling until may. that means treasury can borrow without limit to pay for america's obligations. this is something that gives congress breathing room to deal with some of their other big fiscal challenges that we all know about. it lifts this immediate threat of a default, which is so dangerous not just for the american economy but for the world markets. it does so with a requirement, a price requiring the senate to pass a budget. actually, both...
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they said they absolutely wouldn't deal with the debt ceiling. a half measure, they will suspend it. eric cantor coming here to take part in a panel on friday afternoon about economic dynamism. i'm surprised that anybody from davos is inviting americans to talk about it. i'm not sure what he will get out of it. he will be here and hopefully we can speak to him about what's going on in the u.s. and in the world. >> the u.s. and europe leading the world, not so much. when you go to davos, they are talking about other big players. ali velshi, thanks. >>> 15 minutes after the hour. other news around the world. from the upper midwest to the mid-atlantic and new england, seeing and feeling the coldest temperatures so far this winter. feels like 7 degrees in washington, d.c. near zero in new york city. and well below zero in fargo, north dakota. this arctic blast is reportedly blamed for four deaths so far. >>> in the cold, more than 300 firefighters had to deal with 7-degree temperatures to battle a raging warehouse fire on the south side of chicago. f
they said they absolutely wouldn't deal with the debt ceiling. a half measure, they will suspend it. eric cantor coming here to take part in a panel on friday afternoon about economic dynamism. i'm surprised that anybody from davos is inviting americans to talk about it. i'm not sure what he will get out of it. he will be here and hopefully we can speak to him about what's going on in the u.s. and in the world. >> the u.s. and europe leading the world, not so much. when you go to davos,...
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republicans came to the senses, okay, not touching the debt ceiling, let it float. in return, you see the democrats in the senate drawing up a budget. i think obama's -- his olive branch is, okay, i'll take this one extension to bring stability to the situation, but it's not happening again because we have to get the job doab. it's progress. it's better than the last few months. lou: some combative about it and characterize the president as being so contentious. it's the first intelligent step taken by the republicans and gives, you know, i i think hope to the nation, the first intelligent step taken by the president. they actually are moving towards one another. it looked to me like something we ought to be kind of saying hallelujah about other than analyzing, if i may, in such, well, i don't know, unsettling parts of the terms. >> it's progress. >> the heavy weight boxes match, they touch the gloves at the start of the fight. please, don't misinterpret that's a good sign. it's a show to the nation. lou: see, i'm surrounded by cynicism. everywhere i turn around her
republicans came to the senses, okay, not touching the debt ceiling, let it float. in return, you see the democrats in the senate drawing up a budget. i think obama's -- his olive branch is, okay, i'll take this one extension to bring stability to the situation, but it's not happening again because we have to get the job doab. it's progress. it's better than the last few months. lou: some combative about it and characterize the president as being so contentious. it's the first intelligent step...
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it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your job, you shouldn't get paid. that's the basis for no budget, no pay. >> reporter: the bill they will be voting on today calls for a temporary suspension of the debt ceiling until mid-may, but it requires the house and senate to craft budgets by april while members' salaries will be held in escrow. paul ryan explains the strategy. >> in the house, democrats and republicans have been leading by offering budgets and offering alternatives. the senate hasn't even done that. all we're saying is let's get the senate in here to do that to see how we're going to figure out the problem no
it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your...
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as for the debt ceiling. republicans controlling the house are moving quickly to defuse a potential debt crisis. they're offering legislation to prevent a first-ever default on u.s. debts for three months or so. that would delay what could still be a showdown. >> in my view it is not responsible to raise the debt ceiling and the way that we change the way we do things here. >> catherine: democrats don't like the 3-month delay idea.but the administration won't oppose it. some of the quirky things which were part of the are all over the internet. you heard about beyonce lip- synching. but did you know that her emerald earrings are worth 1.8 million dollars? some people thought that was an excessive display.others loved them and didn't care. then there's the luncheon.where the first lady sat next to house speaker john boehner. photos and video suggest she wasn't even pretending to enjoy that. some observers say michelle obama was rolling her eyes. and even when boehner touched her arm and tried to talk to her.sh
as for the debt ceiling. republicans controlling the house are moving quickly to defuse a potential debt crisis. they're offering legislation to prevent a first-ever default on u.s. debts for three months or so. that would delay what could still be a showdown. >> in my view it is not responsible to raise the debt ceiling and the way that we change the way we do things here. >> catherine: democrats don't like the 3-month delay idea.but the administration won't oppose it. some of the...
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they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term extension of the debt ceiling. but a white house spokesman said today the president will accept a short-term bill if it reaches his desk. without an extension, the government could run out of money within a month. a deep freeze lingered in the upper midwest today with temperatures dropping in some places to minus 30 fahrenheit. wind chills made it even worse. across the region, people bundled up to face the cold, and some schools closed. frigid arctic air swept down from canada last saturday. authorities attribute at least three deaths to the weather so far. american military transport planes have joined the french effort to repel islamist rebels in mali. pentagon spokesman george little confirmed today that u.s. c-17's have flown five missions to the african nation in recent days. they ferried more than 80 fren
they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term extension of the debt ceiling. but a white house spokesman said today the president will accept a short-term bill if it reaches his desk. without an extension, the government could run out of money within a month. a deep freeze lingered in the upper midwest today...
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the house voting today to extend the debt ceiling. we're in washington with a congresswoman who will have just cast her vote. >>> and you have heard by now that housing is recovering, but how do you make money in the rebound? we have some stocks that have benefited from the home renovation boom. we'll tell you which ones they are and whether you should be in or out. >>> speaking of being in or out, personal finance website learnvest shares its stories on a new version of "the power pitch" that's all today in a quarter half. now back to scott. >> it is the other big earnings report after the bell, netflix. the company has beaten the street the last eight quarters in a row and the stock has been on a tear. which means expectations are high. so let's take positions ahead of today's results. pete, what are we looking for here ? >> the four was all about the content, the buying of the content. now you need streaming subs to pay for it. >> and you have to have a number between a million and a half and two. if they can get in that range that
the house voting today to extend the debt ceiling. we're in washington with a congresswoman who will have just cast her vote. >>> and you have heard by now that housing is recovering, but how do you make money in the rebound? we have some stocks that have benefited from the home renovation boom. we'll tell you which ones they are and whether you should be in or out. >>> speaking of being in or out, personal finance website learnvest shares its stories on a new version of...
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they find themselves on the defensive when it comes to the debt ceiling issue. remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses? >> i think they do. gwen, i think you have to know when to hold them and know when to fold them. yes, the republicans folded on this wise wisely. finally, i think they got some smart on this. you have to pick your fights. they need a breather now. they've been on the defense for a year on tax cuts for millionaires, on toughness, shutting down the government, they're not going to compromise. they need to recalbright here, a reset button needs to be pushed and it seems like in every aspect of government.
they find themselves on the defensive when it comes to the debt ceiling issue. remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is...
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on the other hand they caved on the debt ceiling. so why did they cave on the debt ceiling. we have an expert on that. i think that's really interesting, and what do they plan to do on the budget fights instead. and then there is an unbelievable documentary on how wall street got away with clear criminal action. it's a devastating story. i can't wait to share it. >> jennifer: all right. cenk uygur "young turks" at the top of the hour. thanks, cenk. >> thank you. >> jennifer: now we're going to turn to a story about equality. located in the nation's capitol, washington national cathedral is the sixth largest cathedral in the world, and the second largest in the united states. it was built in 1792. it is magnificent. it has hosted many important events. it is also a place where local d.c. resident goes to pray and baptize their children and get married. and now for the first time in the institution's more than 200-year history, gay couples can officially get married at the cathedral too. here to tell us about this exciting development is the dean of the national cathedral, the
on the other hand they caved on the debt ceiling. so why did they cave on the debt ceiling. we have an expert on that. i think that's really interesting, and what do they plan to do on the budget fights instead. and then there is an unbelievable documentary on how wall street got away with clear criminal action. it's a devastating story. i can't wait to share it. >> jennifer: all right. cenk uygur "young turks" at the top of the hour. thanks, cenk. >> thank you. >>...
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but you made this deal yeah, we are going to extend the debt ceiling. now, it gets attached to a balanced budget. >> two points, in regard to congressman welch. when you have liberal s ip the house and senate, that is their plan to spend more money. i know you are talking about our budget larry, but we have to step back. there is going to be no budget that takes place unless the senate passes a budget. but to get congress both chambers to work together, we need the senate to pass the budget. so we said no budget senate, no pay. that is a way to get the senate to engage. >> i'm not challenging your logic, but i'm challenging your process. the series of dates that is so important one is april 15th. i preseume that is paul ryan's budget. i don't see how you can vote tomorrow on a debt extepgs nsio increase and attach a balanced budget before you know what the balanced budget is. i see that as a problem. i want peter to tackle that. >> we are passing the no budget no pay act. it is going to give both chambers, the senate and the house to pass the budgets. w
but you made this deal yeah, we are going to extend the debt ceiling. now, it gets attached to a balanced budget. >> two points, in regard to congressman welch. when you have liberal s ip the house and senate, that is their plan to spend more money. i know you are talking about our budget larry, but we have to step back. there is going to be no budget that takes place unless the senate passes a budget. but to get congress both chambers to work together, we need the senate to pass the...
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ceiling that. we're going to look to the floor past how much money the senate democrats want to spend on climate change we don't know because they haven't had it but i get it for you are you going to even tell us how much they want guys want to see they were being raised build a liberal you dollars the oil they want to we already know but here's here's this you know since we're asking rhetorical questions which president was it who put cap and trade on the table to do away with sulfur dioxide emissions to radically reduce sulfur dioxide emissions and it worked and sulfur dioxide went down which president wasn't that brought that forward it was george herbert walker bush this is a republic cap and trade was just just like obamacare was a heritage foundation proposal and it worked why can't we do that with carbon emission given conservatives make mistakes too and so does the economy but damn it progresses want to control carbon economy we do and americans are. we know he in the speech he talked about
ceiling that. we're going to look to the floor past how much money the senate democrats want to spend on climate change we don't know because they haven't had it but i get it for you are you going to even tell us how much they want guys want to see they were being raised build a liberal you dollars the oil they want to we already know but here's here's this you know since we're asking rhetorical questions which president was it who put cap and trade on the table to do away with sulfur dioxide...
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there is word of what may be a break through in the standoff over the so-called debt ceiling. the point where our nation can no longer pay its bills. house republicans are set to vote tomorrow on a temporary fix, which would raise the federal spending limit. now the white house says it won't stand in the way of that: even though the president says he would rather see the problem fixed once and foreall. the g.o.p. measure would buy us only a few months before congress would have to agree to a long-term solution. a second part of the proposal would force lawmakers in both houses of congress to pass a budget or they wouldn't even get paid. that's the g.o.p. attempt to force the senate's hand the democratic led senate hasn't passed a budget in four years now. mike emanuel son the top story at the bottom of the hour. live with us from the row rotuna on capitol hill. mike, house republicans meeting behind closed doors late today. have we heard anything? >> well, shep, some conservatives don't love this debt ceiling deal because they don't like the idea of adding to the nation's cred
there is word of what may be a break through in the standoff over the so-called debt ceiling. the point where our nation can no longer pay its bills. house republicans are set to vote tomorrow on a temporary fix, which would raise the federal spending limit. now the white house says it won't stand in the way of that: even though the president says he would rather see the problem fixed once and foreall. the g.o.p. measure would buy us only a few months before congress would have to agree to a...
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punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a balanced approach and the american people agree with him on that part. so if they have to act on it in the next week, people are still that much engaged. they're hoping in three months the american public will disengage enough for them to create another false narrative. >> so when we talk about rating the debt ceiling. we've already racked up the bills and we have to pay them. that's an obvious -- that's the fact. >> hal: right. >> they like to combine the two right and make it about future spending and paying off the bills. the president says it
punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a...
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ceiling. the house is expected to approve legislation on wednesday that would raise the debt limit for three months without any cuts to spending. members of the congress believe they can come up with a spending plan during that window. honda of campbell also introduced legislation for a back up plan that would prevent the worse fiscal cliff. >> i think we should have a process that addresses that so that it doesn't become a barrier or a political football. >> the last time lawmakers fought over the debt ceiling two years ago the country's credit rating was downgraded. >>> on wall street, stocks closed higher despite mixed earnings. >>> president obama began the first day of his second term with a traditional postinaugural prayer service. the president and first lady were joined by vice president biden and his wife at the washington cathedral this morning. the national prayer service dates back to the first inauguration of george washington. the interfaith service included prayers and readings
ceiling. the house is expected to approve legislation on wednesday that would raise the debt limit for three months without any cuts to spending. members of the congress believe they can come up with a spending plan during that window. honda of campbell also introduced legislation for a back up plan that would prevent the worse fiscal cliff. >> i think we should have a process that addresses that so that it doesn't become a barrier or a political football. >> the last time lawmakers...
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coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, beca
coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little...
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the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through congress without getting a republican house. he has another problem, that's a democratic senate. 20 democrats are up for re-election in 2014. they're not as left wing as he is. they certainly didn't get elected in states as democrat and blue as obama did. so he's asking those guys to go out in front on his tax policies, his spending policies. remember, he just signed to make permanent 85% of the bush tax cuts in dollar terms, 99% of the bush tax cuts in terms of who was affected. these are tax cuts the democratic party has run against fo
the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through...
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you have a plan to deal with the debt ceiling. i want you to explain it. i've been skeptical of it, but i'm coming around and see that they might actually be some wisdom behind it and i'm giving you credit as a strong credit of the cliff deal. explain it. >> what's going forward right now, we do not want to give any long-term new debt limit as you go forward. so what we're saying is here is the senate that has not produced a budget. you know it, sean, your listeners know it, but not many across america. the last time this democrat-controlled senate passed a budget, the ipad wasn't even introduced yet and they've already gone through what, three different versions? so we're doing a short-term moving the debt limit past the april 15th deadline, 'cause the most responsible thing any elected official could do is do a budget. how do you plan for the future. so we move it to there and if you don't pass the budget you don't get paid and now what? before that time, those cuts that we fought for in the last debt limit. they go into effect the first of the month. >>
you have a plan to deal with the debt ceiling. i want you to explain it. i've been skeptical of it, but i'm coming around and see that they might actually be some wisdom behind it and i'm giving you credit as a strong credit of the cliff deal. explain it. >> what's going forward right now, we do not want to give any long-term new debt limit as you go forward. so what we're saying is here is the senate that has not produced a budget. you know it, sean, your listeners know it, but not many...